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Dec 31, 2025
Joby Aviation Q4 2025 Earnings Report
Joby Aviation reported Q4 2025 results with higher revenue and a significantly reduced net loss year over year, alongside continued certification and manufacturing progress.
Key Takeaways
Joby Aviation generated $30.84 million in Q4 revenue and reduced its net loss to $121.54 million, supported by non-cash fair value gains. The company ended the quarter with over $1.40 billion in cash and investments while advancing FAA certification and production scaling plans.
Revenue was 30836000 for the quarter.
Net loss narrowed to 121536000 from 246277000 in the prior year quarter.
Total operating expenses were 237612000 driven by certification and manufacturing scale-up.
Cash, cash equivalents and short-term investments totaled 1407916000 at quarter end.
Forward Guidance
The company guided for full year 2026 revenue between 105000000 and 115000000 and expects continued cash usage to support certification, manufacturing scale-up and commercialization.
Positive Outlook
- Full year 2026 revenue expected between 105000000 and 115000000.
- Plans to double production capacity to four aircraft per month in 2027.
- First passenger flights expected in 2026.
- Additional net proceeds of approximately 1200000000 raised after quarter end.
- Continued progress toward FAA Type Certification.
Challenges Ahead
- Expected cash usage of between 340000000 and 370000000 through the first half of 2026.
- Continued operating losses expected as commercialization progresses.
- High operating expense base driven by R&D and certification efforts.
- Dependence on regulatory approvals for commercialization timelines.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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